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Combined Ethereum Futures Total Open Interest Drops From $8 Billion to $6.8 Billion

By WebsCryptoSeptember 23, 20221 Min Read
Combined Ethereum Futures Total Open Interest Drops From $8 Billion to $6.8 Billion
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The combined total Ethereum futures open interest fell 15% from $8.0 billion to $6.8 billion, affecting the dollar value of the ETH-denominated futures position size.

Based on ethereum-denominated open interest, futures open interest is actually at an all-time high, up nearly 80% since early May.

Futures leverage appears to have actually increased rather than decreased over the past week, suggesting that many risk-hedging positions have not been closed.

In addition, combined Ethereum call open interest fell by $600 million (down 10%), leaving a total of $5.2 billion in open call position value, well above the 2021 norm.

Related:  Shiba Inu Coin Reaches Record High Trading Volume of $300 Million

The Ethereum put options market experienced a more pronounced relative decline of 19%, but remained a much smaller net position value of $294 million.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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